The 10th edition of National Productivity Summit, organized by Indian Machine Tool Manufacturer Association (IMTMA), kick-started at Bangalore International Exhibition Centre (BIEC) amidst much fanfare today.
Addressing the gathering at the summit, Parakramsinh G. Jadeja President – IMTMA said, “The manufacturing industry is growing rapidly in India and is at the cusp of embracing Industry 4.0 that offers huge growth prospects for the industry.
Summits like these are the key enablers to address learning and best practices requirements of manufacturing industry and raising its competitiveness. This is an apt platform to meet the evolving knowledge and skill requirements of overall manufacturing industry in India, Jadeja said.
Jadeja said the manufacturing sector is contributing 16 percent to GDP and it is expected to touch 25 percent by 2025.
In his inaugural address, B Muthuraman, former Vice Chairman of Tata Steel, said, “There is an imminent need to improve talent in manufacturing industry by creating a culture of continuous improvement so that manufacturing can embrace technology.
As the world economy is rebalancing. Muthuraman said the country has tremendous opportunity to leapfrog in manufacturing vertical by improving regulatory environment that will enable the ease of conducting business and help in reskilling of workers for an inclusive growth that will allow India as a nation to achieve 25 per cent of GDP via manufacturing by 2025.
He appealed the industry to break conventional methods and implement new technologies like Internet of Things (IoT) and Robotics to improve productivity in manufacturing sector. He also elaborated about how Tata Steel has achieved in productivity and emerged as one of the top steel producers offering steel at competitive price in the world in 1990s.
Citing Deloitte’s Global Manufacturing Competitiveness Index, Muthuraman said India is in the 11 th place while China ranks first. Even the developed countries like the United States, Germany, Japan, South Korea and United Kingdom, which have higher labour cost, are ranked ahead of India, which is enjoying comparatively lower labour cost structure.
Hence, Muthuraman said the manufacturing sector in the country should take various steps to improve its productivity.
Deliberating on productivity, L Ganesh, Chairman of Rane Group said “Productivity is achieved over a long period of time and it is marathon and Indian companies in manufacturing sector need to constantly work on skill enhancement of their employees and push for labour laws that will enable reskilling of workers for future jobs.”
Ganesh also elaborated the history of Rane Group transforming from as a vehicle distributor to one of the top Tier 1 manufacturer in the world. He said the company has implemented around 35,000 productivity improvement projects across its manufacturing facilities in the country.
Endorsing the opinions of other speakers, V Anbu, Director General and CEO of IMTMA, said the government’s initiative of ‘Make-in-India’ programme has driven several OEMs and Tier 1s to set up their shops in India. This will increase the manufacturing activities in the country that inturn will benefit the machine tool industry.
In a separate media conference, Anbu said the automotive industry has been driving the growth of the manufacturing and machine tool sector. Now other industries like aerospace, defense and construction industry have also joined the bandwagon.
Earlier addressing the delegates, C P Rangachar, Managing Director, Yunken India, said the Indian manufacturing industry has to implement several competitive manufacturing solutions to stay competitive in the international market.
As part of the summit, the participating delegates have visited various automotive manufacturing facilities around Bangalore yesterday to understand more about new manufacturing technologies and best practices on the shop floor.
The ongoing three-day National Productivity Summit 2016 comprises live case study presentations, plant visits, sharing of success stories and focused technical sessions.